{"id":240593,"date":"2021-05-02T22:30:00","date_gmt":"2021-05-02T19:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-market-cap-hits-337-billion-surpassing-nestle-pg-and-roche\/"},"modified":"2021-05-02T22:30:00","modified_gmt":"2021-05-02T19:30:00","slug":"ethereum-market-cap-hits-337-billion-surpassing-nestle-pg-and-roche","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-market-cap-hits-337-billion-surpassing-nestle-pg-and-roche\/","title":{"rendered":"# Ethereum market cap hits $337 billion, surpassing Nestle, P&#038;G and Roche"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f3f33547f3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f3f33547f3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-market-cap-hits-337-billion-surpassing-nestle-pg-and-roche\/#Ether_is_a_multi-faceted_asset_that_is_difficult_to_evaluate\" >Ether is a multi-faceted asset that is difficult to evaluate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-market-cap-hits-337-billion-surpassing-nestle-pg-and-roche\/#Stocks_have_their_own_risks_which_cant_be_ignored\" >Stocks have their own risks, which can&#8217;t be ignored<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum market cap hits $337 billion, surpassing Nestle, P&amp;G and Roche <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter &amp; Gamble&#8217;s ($326 billion) and PayPal&#8217;s $308 billion.<\/p>\n<p>The market cap figure is achieved by multiplying the last trade price by the total outstanding number of coins, regardless of whether they&#8217;ve been moved. Therefore, it seldomly reflects the average price where most investors transacted.<\/p>\n<p>For investors from traditional finance, &#8216;value&#8217; is assessed by comparing multiples and valuations. These are often calculated in the form of earnings, sales, and market share, and attempting to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly these same &#8216;value&#8217; metrics to cryptocurrencies with multiple use cases creates uncertainty and discomfort.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ether_is_a_multi-faceted_asset_that_is_difficult_to_evaluate\"><\/span>Ether is a multi-faceted asset that is difficult to evaluate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is not a bullet-proof metric available to assess how Ether&#8217;s value stacks against its potential. The cryptocurrency might simultaneously act as a digital store of value while also functioning as the token required to access the Ethereum network.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/2e69cfa8-e1d2-40d2-b799-ee076aac790b.png\"><figcaption style=\"text-align: center;\"><em>Ether market cap, in USD billion. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Therefore, one must consider the coins deposited on exchanges or the percentage effectively changing hands when comparing different asset classes. The existence of regulated derivatives markets allow institutional investors to bet against the asset&#8217;s price, and it is another factor that should be accounted for.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/97f3234a-0e20-4ece-bd86-c3e8800c27dc.png\"><figcaption style=\"text-align: center;\"><em>Largest global assets&#8217; ranking by market capitalization. Source: Infinite Market Cap<\/em><\/figcaption><\/figure>\n<p>While the merits of comparing the market cap of different asset classes side-by-side is debatable, the metric essentially works the same way for commodities, stocks, and mutual funds. <\/p>\n<p>According to data from Infinite Market Cap, Ether recently surpassed the market cap of Nestle, Procter &amp; Gamble, PayPal, and Roche. <\/p>\n<p>The American multinational consumer goods company P&amp;G was founded in 1837 and holds a diversified brand portfolio, including personal health, consumer care, and hygiene. With 100,000 employees worldwide, the conglomerate posted a $13 billion net income in 2020.<\/p>\n<p>On the other hand, Ethereum has 2,320 average monthly developers, according to the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/electric-capital\/electric-capital-developer-report-2020-9417165c6444\">Electric Capital&#8217; Developer Report&#8217;<\/a>. Although it is not a secular company, its decentralized applications (dApps) handle over 100,000 daily active addresses. Even more impressive is the $12 billion daily transfer and transactions on the Ethereum network. These numbers alone are outstanding even for an S&amp;P 500 company.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_have_their_own_risks_which_cant_be_ignored\"><\/span>Stocks have their own risks, which can&#8217;t be ignored<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Comparing a 183-year company that is heavily dependent on production and distribution to a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>-based protocol is unlikely to uncover many similarities. However, equity investors enjoy the fruits of dividends, and while some will argue that Ether could be staked for a return, there are more significant risks involved.<\/p>\n<p>Investors staking in the ETH 2.0 contract have the options of becoming a full validator or joining a pool but their coins could be lost due to malicious activity or by failing to validate network transactions. Similar risks emerge when lending Ether via centralized services and decentralized protocols.<\/p>\n<p>On the other hand, listed companies can create new shares to benefit from excessive valuations or increase their cash position. <\/p>\n<p>Tax changes, operational liabilities, and regulatory changes are other risks that stockholders sometimes face. For example, Roche was recently challenged for $4.5 billion from the government for deceiving the CDC, according to a lawsuit unsealed in September 2019.<\/p>\n<p>Decentralized protocols are virtually free of these perils, and perhaps this justifies their sky-high valuations. <\/p>\n<p>Considering the risks described above, investors might conclude that holding Ether is less risky than buying stocks. At least it is possible to self-custody, making the asset less dependent on third parties and unauthorized transactions.<\/p>\n<p><em>The views and opinions expressed here are solely those of the <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/noshitcoins\"><em>author<\/em><\/a><em> and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-market-cap-hits-337-billion-surpassing-nestle-p-g-and-roche\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum market cap hits $337 billion, surpassing Nestle, P&amp;G and Roche &#8221; Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter &amp; Gamble&#8217;s ($326&#8230;<\/p>\n","protected":false},"author":1,"featured_media":240594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZGU2OGQzYjEtMjI0NS00ZjZjLWEwOTYtZGY1MWFiMGMwNGVhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,82402,74891,74939,75679,73711,73785,70359],"class_list":["post-240593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-ether-price","tag-ethereum","tag-market-analysis","tag-market-capitalization","tag-investments","tag-markets","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/240593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=240593"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/240593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/240594"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=240593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=240593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=240593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}